Go Back   English Forum Switzerland > Help & tips > Other/general  
Reply
 
Thread Tools Display Modes
  #1  
Old 04.05.2011, 12:30
Junior Member
 
Join Date: May 2011
Location: Zurich
Posts: 71
Groaned at 0 Times in 0 Posts
Thanked 34 Times in 21 Posts
Seb70 is considered knowledgeableSeb70 is considered knowledgeableSeb70 is considered knowledgeable
Reevaluating my life and need advice please.

I did not know which section to post this under or what exactly I am asking but I will try. I am 41 year old single male and don't have any responsibilities as such. No kids or divorced partners. I live in rented accommodation and currently don't have free flowing steady source of income.

On the flip side working hard has resulted in me saving CHF 400k and it is just sitting in my Post finance savings account. To be honest I don't know what to do with this money. I was thinking about buying an apartment but 400k would not get anything in Zurich. Also with no steady source of income will any bank even look at me?

Any general advice on my situation would be highly appreciated.
Reply With Quote
This user would like to thank Seb70 for this useful post:
  #2  
Old 04.05.2011, 12:36
M. Ploymi's Avatar
Forum Veteran
 
Join Date: Mar 2011
Location: GE
Posts: 925
Groaned at 34 Times in 22 Posts
Thanked 810 Times in 356 Posts
M. Ploymi has a reputation beyond reputeM. Ploymi has a reputation beyond reputeM. Ploymi has a reputation beyond reputeM. Ploymi has a reputation beyond reputeM. Ploymi has a reputation beyond repute
Re: Reevaluating my life and need advice please.

Hey Seb70,

A lot of people have found traveling to be an ultimate escape and allowed them time to discover what they want to do with themselves. It sounds as though your job is pretty impermanent, so my advice would be to invest half of your savings into your future. With the other half, I suggest you take maybe 6 months and go exploring a place you've always wanted to visit. 200k can last a long time (despite what many Swiss might tell you), especially if you don't mind living on a shoestring (I actually prefer it that way myself).

Just some food for thought. All the best!
Reply With Quote
The following 3 users would like to thank M. Ploymi for this useful post:
  #3  
Old 04.05.2011, 12:39
Chemmie's Avatar
Forum Legend
 
Join Date: Sep 2009
Location: Zurich
Posts: 4,150
Groaned at 33 Times in 29 Posts
Thanked 4,955 Times in 2,235 Posts
Chemmie has a reputation beyond reputeChemmie has a reputation beyond reputeChemmie has a reputation beyond reputeChemmie has a reputation beyond reputeChemmie has a reputation beyond reputeChemmie has a reputation beyond repute
Re: Reevaluating my life and need advice please.

Support a local trolling EF member to continue provided entertainment throughout the work day

Seriously, I think property is your best bet, or some stable investments to continue an income.
Reply With Quote
The following 2 users would like to thank Chemmie for this useful post:
  #4  
Old 04.05.2011, 12:37
M. Ploymi's Avatar
Forum Veteran
 
Join Date: Mar 2011
Location: GE
Posts: 925
Groaned at 34 Times in 22 Posts
Thanked 810 Times in 356 Posts
M. Ploymi has a reputation beyond reputeM. Ploymi has a reputation beyond reputeM. Ploymi has a reputation beyond reputeM. Ploymi has a reputation beyond reputeM. Ploymi has a reputation beyond repute
Re: Reevaluating my life and need advice please.

Alternatively, my bank account is looking quite empty if you're looking to make an honourable donation.
Reply With Quote
The following 8 users would like to thank M. Ploymi for this useful post:
  #5  
Old 04.05.2011, 12:38
Guest
 
Posts: n/a
Re: Reevaluating my life and need advice please.

400k might not buy a property outright but it would be a tidy sum to put forward for a mortgage.
Reply With Quote
The following 3 users would like to thank for this useful post:
  #6  
Old 04.05.2011, 12:40
bigblue2's Avatar
Forum Legend
 
Join Date: Mar 2009
Location: Glarus
Posts: 8,082
Groaned at 484 Times in 403 Posts
Thanked 14,715 Times in 5,780 Posts
bigblue2 has a reputation beyond reputebigblue2 has a reputation beyond reputebigblue2 has a reputation beyond reputebigblue2 has a reputation beyond reputebigblue2 has a reputation beyond reputebigblue2 has a reputation beyond repute
Re: Reevaluating my life and need advice please.

Quote:
400k might not buy a property outright but it would be a tidy sum to put forward for a mortgage.

"I live in rented accommodation and currently don't have free flowing steady source of income." may stop him getting a mortgage
Reply With Quote
The following 3 users would like to thank bigblue2 for this useful post:
  #7  
Old 04.05.2011, 12:41
Guest
 
Posts: n/a
Re: Reevaluating my life and need advice please.

Quote:
View Post
"I live in rented accommodation and currently don't have free flowing steady source of income." may stop him getting a mortgage
I've got my sandwich goggles on and didn't read the post properly...
Reply With Quote
This user would like to thank for this useful post:
  #8  
Old 04.05.2011, 12:41
phdoofus's Avatar
Forum Veteran
 
Join Date: May 2009
Location: City by the Bay
Posts: 2,357
Groaned at 96 Times in 56 Posts
Thanked 3,205 Times in 1,227 Posts
phdoofus has a reputation beyond reputephdoofus has a reputation beyond reputephdoofus has a reputation beyond reputephdoofus has a reputation beyond reputephdoofus has a reputation beyond repute
Re: Reevaluating my life and need advice please.

Quit job.
Buy motorcycle.
Travel around the world.
Stop occasionally to do work to earn money.
Return home.
Take bath.
Buy new motorcycle.
Travel around the world.
...
Reply With Quote
The following 20 users would like to thank phdoofus for this useful post:
  #9  
Old 04.05.2011, 12:46
Forum Legend
 
Join Date: Dec 2010
Location: ZH
Posts: 5,320
Groaned at 58 Times in 48 Posts
Thanked 2,708 Times in 1,614 Posts
SOBEIT has a reputation beyond reputeSOBEIT has a reputation beyond reputeSOBEIT has a reputation beyond reputeSOBEIT has a reputation beyond reputeSOBEIT has a reputation beyond repute
Re: Reevaluating my life and need advice please.

Buy a Girlfriend.
Reply With Quote
The following 2 users would like to thank SOBEIT for this useful post:
The following 2 users groan at SOBEIT for this post:
  #10  
Old 04.05.2011, 12:55
Junior Member
 
Join Date: May 2011
Location: Zurich
Posts: 71
Groaned at 0 Times in 0 Posts
Thanked 34 Times in 21 Posts
Seb70 is considered knowledgeableSeb70 is considered knowledgeableSeb70 is considered knowledgeable
Re: Reevaluating my life and need advice please.

Really appreciate all the replies. One can't travel too much but I have done a lot of that already and ridden lot of motorbikes too.

I think what I am looking for is to maybe settle down and have a proper base in Zurich. I don't mean settle down in the sense of getting married because I really enjoy my independence and not being tied to any one woman. I am bit of a free spirit but by settling down I mean maybe having my own small flat.

The problem is no bank will probably look at me.
Reply With Quote
This user would like to thank Seb70 for this useful post:
  #11  
Old 04.05.2011, 13:05
Junior Member
 
Join Date: May 2011
Location: Zurich
Posts: 71
Groaned at 0 Times in 0 Posts
Thanked 34 Times in 21 Posts
Seb70 is considered knowledgeableSeb70 is considered knowledgeableSeb70 is considered knowledgeable
Re: Reevaluating my life and need advice please.

Quote:
so my advice would be to invest half of your savings into your future.
How exactly would I do that?

Quote:
View Post
Alternatively, my bank account is looking quite empty if you're looking to make an honourable donation.
You could always empty your account completely and transfer whatever little you have left to my account
Reply With Quote
The following 2 users would like to thank Seb70 for this useful post:
  #12  
Old 04.05.2011, 13:13
basher's Avatar
Forum Veteran
 
Join Date: Dec 2009
Location: Zurich
Posts: 958
Groaned at 3 Times in 3 Posts
Thanked 1,463 Times in 514 Posts
basher has a reputation beyond reputebasher has a reputation beyond reputebasher has a reputation beyond reputebasher has a reputation beyond reputebasher has a reputation beyond reputebasher has a reputation beyond repute
Re: Reevaluating my life and need advice please.

I`m seriously depressed after reading that . . . don`t get me wrong, I am happy for you . . . . I think you have many, many options.
Reply With Quote
The following 3 users would like to thank basher for this useful post:
  #13  
Old 04.05.2011, 16:12
diderot's Avatar
Junior Member
 
Join Date: Dec 2009
Location: Zürich
Posts: 49
Groaned at 4 Times in 3 Posts
Thanked 41 Times in 28 Posts
diderot is considered a nuisancediderot is considered a nuisancediderot is considered a nuisance
Re: Reevaluating my life and need advice please.

Quote:
View Post
I did not know which section to post this under or what exactly I am asking but I will try. I am 41 year old single male and don't have any responsibilities as such. No kids or divorced partners. I live in rented accommodation and currently don't have free flowing steady source of income.

On the flip side working hard has resulted in me saving CHF 400k and it is just sitting in my Post finance savings account. To be honest I don't know what to do with this money. I was thinking about buying an apartment but 400k would not get anything in Zurich. Also with no steady source of income will any bank even look at me?

Any general advice on my situation would be highly appreciated.

buy one or two apt in one of the big cities in Europe (outside of CH, of course) rent it/them... it will be your work: collect money, fix issues at home, etc....
You'll gain from 1500 to 2400€ per month, doing few things... of course at the beginning try to save some money for the unplanned expenses.
Then.... TRAVEL!!!
Reply With Quote
The following 2 users would like to thank diderot for this useful post:
  #14  
Old 04.05.2011, 20:36
Banned
 
Join Date: May 2011
Location: Birmensdorf
Posts: 35
Groaned at 3 Times in 1 Post
Thanked 15 Times in 11 Posts
Ihatefondu has become a little unpopularIhatefondu has become a little unpopular
Re: Reevaluating my life and need advice please.

Quote:
View Post
I did not know which section to post this under or what exactly I am asking but I will try. I am 41 year old single male and don't have any responsibilities as such. No kids or divorced partners. I live in rented accommodation and currently don't have free flowing steady source of income.

On the flip side working hard has resulted in me saving CHF 400k and it is just sitting in my Post finance savings account. To be honest I don't know what to do with this money. I was thinking about buying an apartment but 400k would not get anything in Zurich. Also with no steady source of income will any bank even look at me?

Any general advice on my situation would be highly appreciated.
Im 40 divorced, 2 Kids ...with similar amount of cash, firstly if i met a new girlfriend ..i would not mention the cash...open an Australian term deposit account @7% interest ...put some of it in there 350K ...take 50K .., get a back pack and go travelling for 6months, go to The Islands in Thailand and sit back and relax if you go for a year and manage to live on 50k ...which would be easy in places like Indo.. you will find the interest you made in that year will cover half your travel costs..
Reply With Quote
The following 2 users would like to thank Ihatefondu for this useful post:
  #15  
Old 04.05.2011, 20:55
10pixels's Avatar
Member
 
Join Date: Jun 2008
Location: Basel
Posts: 216
Groaned at 3 Times in 3 Posts
Thanked 150 Times in 84 Posts
10pixels has no particular reputation at present
Re: Reevaluating my life and need advice please.

Quote:
View Post

Any general advice on my situation would be highly appreciated.
My husband recommends this book:

Safe Strategies for Financial Freedom by Van K. Tharp, D.R. Barton, Jr., and Steve Sjuggerud
Reply With Quote
This user would like to thank 10pixels for this useful post:
  #16  
Old 04.05.2011, 22:44
Member
 
Join Date: Apr 2009
Location: Bern
Posts: 177
Groaned at 20 Times in 11 Posts
Thanked 51 Times in 44 Posts
swans1984 is considered unworthyswans1984 is considered unworthyswans1984 is considered unworthy
Re: Reevaluating my life and need advice please.

With the financial climate at the moment and things at an all time low you could consider purchasing some land.
Reply With Quote
This user would like to thank swans1984 for this useful post:
  #17  
Old 05.05.2011, 13:10
puddycat's Avatar
Forum Veteran
 
Join Date: Jun 2007
Location: Luzern
Posts: 509
Groaned at 0 Times in 0 Posts
Thanked 325 Times in 160 Posts
puddycat has a reputation beyond reputepuddycat has a reputation beyond reputepuddycat has a reputation beyond reputepuddycat has a reputation beyond repute
Re: Reevaluating my life and need advice please.

Quote:
View Post
I did not know which section to post this under or what exactly I am asking but I will try. I am 41 year old single male and don't have any responsibilities as such. No kids or divorced partners. I live in rented accommodation and currently don't have free flowing steady source of income.

On the flip side working hard has resulted in me saving CHF 400k and it is just sitting in my Post finance savings account. To be honest I don't know what to do with this money. I was thinking about buying an apartment but 400k would not get anything in Zurich. Also with no steady source of income will any bank even look at me?

Any general advice on my situation would be highly appreciated.
If property is what you're after, next Summer I'll be selling a flat (15mins drive from Zürich, 4.5 rooms, lovely quiet neighbourhood). I don't expect the market rate to be over 500k . PM me if you're interested.

All the best with your stacks of cash, either way you go .

Puddy.
Reply With Quote
This user would like to thank puddycat for this useful post:
  #18  
Old 19.05.2011, 21:01
KeinFranzösisch's Avatar
Forum Veteran
 
Join Date: Dec 2010
Location: Washington, DC
Posts: 2,198
Groaned at 63 Times in 38 Posts
Thanked 2,549 Times in 1,115 Posts
KeinFranzösisch has a reputation beyond reputeKeinFranzösisch has a reputation beyond reputeKeinFranzösisch has a reputation beyond reputeKeinFranzösisch has a reputation beyond reputeKeinFranzösisch has a reputation beyond reputeKeinFranzösisch has a reputation beyond repute
Re: Reevaluating my life and need advice please.

Quote:
View Post
I did not know which section to post this under or what exactly I am asking but I will try. I am 41 year old single male and don't have any responsibilities as such. No kids or divorced partners. I live in rented accommodation and currently don't have free flowing steady source of income.

On the flip side working hard has resulted in me saving CHF 400k and it is just sitting in my Post finance savings account. To be honest I don't know what to do with this money. I was thinking about buying an apartment but 400k would not get anything in Zurich. Also with no steady source of income will any bank even look at me?

Any general advice on my situation would be highly appreciated.
I am single, no kids/divorcees, similar in age... and I will NEVER have that much money sitting in the bank at one time unless I win the lotto. Knowing I have money not buying anything just makes my skin crawl. Personally I hate saving and investing (my eyes even glaze over the minute someone says "stocks" or "portfolio").

So... I agree with an earlier poster.... go around the world and have fun. Because true, it won't buy you anything in Switzerland, but the other 200k could certainly buy you a vacation home someplace else, like a nice SFH with a pool in Kansas. Why you'd want to vacation in Kansas is beyond my comprehension though.

Or you could just move in with me and take care of my dogs. I won't charge you. haha!

Just a suggestion.

Reply With Quote
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Advice on finding work - your advice? Lejoker Employment 8 01.02.2011 21:23
Life Advice - oversimplify life PlantHead Other/general 29 22.09.2010 21:46
Having a life in Zurich with a baby - advice please zzzoid Daily life 8 15.09.2009 14:19
How is life in life in Neuchatel?? dk26 Introductions 4 27.07.2009 07:42


All times are GMT +2. The time now is 13:17.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0